FOR IMMEDIATE RELEASE
December 4, 2024
Mayor Noble Signs 2025 City Budget
KINGSTON, NY – Mayor Steven T. Noble announces that he has signed the 2025 Adopted Budget, which was approved by Kingston’s Common Council on Tuesday. The total adopted 2025 General Fund budget is $59,847,749.
Mayor Noble said, “After I took office in 2016, tax rates steadily declined for eight years. Last year, due to rising inflation, we had a slight increase in our tax rate in order to cover inflationary increases on everything from chlorine for the community pool to the asphalt used to pave our streets. To continue to invest in our vital infrastructure, maintain City services, support staff contract and benefit increases, rises in insurance premiums and deductibles, and operation of the City’s ambulance service, the 2025 Adopted Budget includes a tax rate increase of 8.9%. This budget represents the first time it has been necessary to raise taxes above the tax cap in nine years.”
A few of the key 2025 Recommended Budget key points include:
• 0 layoffs
• Tax levy increases, after 9 years below the tax cap
• Amount to be raised by taxes is increased by 8.9% to $19,562,582
• Homestead rate at $9.87 (per thousand)
• Non-homestead at $15.12 (per thousand)
• Low Fiscal Stress Score (3.3 out of 100)
• Investment in retention of employees
• Investment in equipment across departments to maintain City infrastructure
• Sewer Rate set at $7.82
“After much deliberation, the 2025 Budget reflects a restrained, responsible approach to the City’s finances,” said Mayor Noble. “This budget will deliver on our promise of providing excellent City services, including now operating ambulance service and EMS care to our residents when private companies left us stranded and vulnerable, and investing in the people who stepped up and worked hard to deliver those services to the community, while keeping costs down to prevent overburdening our taxpayers.”
Mayor Noble’s 2025 Recommended Budget, Capital Plan, and Budget Address presentation are available at https://kingston-ny.gov/budget2025.